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Airbus A350 plane production delayed. What’s the holdup? – CSMonitor.com

July 27, 2012 by Leave a Comment

Airbus parent company EADS NV on Friday announced a further delay to its new A350 aircraft as it reported second-quarter earnings that almost quadrupled from a year ago.

Net profit at the Leiden, Netherlands-based European Aeronautic Defence & Space Company was €461 million ($567 million), up from €121 million in the same period a year ago. Sales rose 12 percent to €13.5 billion. Analysts polled by Factset had forecast profit of €350 million on sales of €12.8 billion.

However, the aerospace company also revealed that the entry into service of Airbus’s new A350, which is meant to compete with rival Boeing’s 787 “Dreamliner,” will be delayed by several months, until the second half of 2014. The company said the reason for the delay was “time taken for the implementation of the automated drilling process for the wings.” Airbus has taken a €124 million charge as a result, and warned that further delays would lead to greater charges.

via Airbus A350 plane production delayed. What’s the holdup? – CSMonitor.com.

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Boeing Forecasts $4.5 Trillion Market for 34,000 New Airplanes – MarketWatch

July 3, 2012 by Leave a Comment

Boeing BA +0.34% projects a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, according to the Boeing 2012 Current Market Outlook (CMO) released today. The company’s annual forecast reflects the strength of the commercial aviation market.

via Boeing Forecasts $4.5 Trillion Market for 34,000 New Airplanes – MarketWatch.

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Airbus Looks at Building 50 A320s a Month – Bloomberg

September 19, 2011 by Leave a Comment

Airbus SAS said it’s looking at accelerating production of its single-aisle A320 series to 50 planes a month after projections for Asian economic growth prompted a 7.5 percent increase in its 20-year sales forecast.

Chief Operating Officer John Leahy said he’s “confident” Airbus will soon decide to switch to building 44 narrowbody planes a month, two more than the level planned for the end of 2012, and that it’s also “studying” the still higher rate.

Airbus forecasts that 27,800 jets valued at $3.5 trillion will be required between now and 2030, including 19,200 single- aisle planes, according to its latest Global Market Forecast released today. U.S. rival Boeing Co. (BA) sees demand for 30,900 planes over the same period and has said it will need to build 60 jets a month by the end of the decade to meet demand.

via Airbus Looks at Building 50 A320s a Month – Bloomberg.

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